Catalyst Bancorp announces new share repurchase plan

OPELOUSAS, La. - Catalyst Bancorp, Inc. (NASDAQ:CLST) announced Thursday that its Board of Directors has approved the company’s sixth share repurchase plan, authorizing the purchase of up to 205,000 shares, representing approximately 5% of its outstanding common stock. The bank holding company, currently trading at $14.96 with a market capitalization of $62.41 million, continues its strategy of returning capital to shareholders.

The Louisiana-based bank holding company has been actively repurchasing shares since launching its first buyback program in January 2023. Through November 18, 2025, Catalyst has repurchased 1,180,817 shares, or about 22% of its originally issued common shares, at an average cost of $11.97 per share. This strategy appears to be paying off for investors, with the stock delivering a 28.2% price return over the past six months and trading near its 52-week high of $15.30.

Catalyst Bancorp is the parent company of Catalyst Bank, which operates six full-service branches across the Acadiana region of south-central Louisiana, including locations in Carencro, Eunice, Lafayette, Opelousas, and Port Barre. The bank, formerly known as St. Landry Homestead Federal Savings Bank, has been operating in the region since 1922.

As of September 30, 2025, Catalyst Bancorp reported total assets of $283.8 million.

The announcement comes as part of the company’s ongoing capital management strategy, according to a press release statement issued by the company.

In other recent news, Catalyst Bancorp announced a change in its independent registered public accounting firm. The company revealed that the partners and professional staff of its former auditor, HORNE LLP, transitioned to BDO USA, P.C. on October 31. Consequently, HORNE LLP resigned as Catalyst Bancorp’s independent auditor on the same day. Following this development, Catalyst Bancorp’s Audit Committee approved the appointment of BDO USA, P.C. as the new independent auditor on November 5. These changes are part of the company’s ongoing adjustments in its financial oversight. The transition to BDO USA reflects Catalyst Bancorp’s commitment to maintaining robust financial practices. Investors may view the appointment of a new auditor as a significant step in ensuring accurate and reliable financial reporting.

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